Dubai hotels hit a three year-high in April, according to the latest figures released by TRI Hospitality Consulting.
The average occupancy levels in Dubai for April saw a slight increase of 0.6% year-on-year to 86.5%, however the average room rate rocketed 8.6% to US $359.51, leading to a RevPAR increase of 9.4%, to the three-year high of US $311.12.
The emirate saw a relatively low increase of 1.3% in payroll expenses, leading to a gross operating profit per available room of US $265.84 – up 7.2% year-on-year.
Peter Goddard, managing director of TRI Hospitality Consulting in Dubai, said: “Dubai witnessed strong leisure demand in April due to the regional school holidays occurring within the first week of the month, boosting ARR and TRevPAR performances.”
He added: “Large regional and global conferences continued to increase ARR performance with this segment generating rates 11.6% above the same period last year, indicating that hotels in Dubai are not only able to maintain high occupancy levels, but also charging rate premiums during peak periods of demand.”
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